Equitable adjustments can remedy inequities among beneficiaries

Article Abstract:

Equitable remedies such as reimbursement may be available to address inequities in the distribution of property and of tax liabilities related to estates, but remedies should only be pursued when the inequities are substantial. Tax elections and other planning efforts can result in relative increases in the tax burden imposed on one beneficiary or on one class of beneficiaries. Accounting for administrative expenses can also impose inequities. In general tax burdens should be paired with tax benefits.

Analysis, Distribution of decedents' estates, Beneficiaries, Equitable remedies

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SEC approves NASD short sale rule

Article Abstract:

The SEC has approved the bid-test rule for short selling in NASDAQ National Market Systems Securities proposed by the National Association of Securities Dealers. The rule prohibits non-exempted brokers from short selling below a current inside bid if that bid is lower than the previous inside bid. Short sales must occur at a price one-sixteenth higher than the current inside bid to be considered legal.

Standards, Short selling, National Association of Securities Dealers

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